[Form 4] Idaho Strategic Resources, Inc. Insider Trading Activity

Rhea-AI Filing Summary

John Swallow, President & CEO and a director of Idaho Strategic Resources, Inc. (IDR), reported two sales of common stock on 09/23/2025. The Form 4 shows dispositions of 38,848 shares at $30.81 and 48,622 shares at $29.91, totaling 87,470 shares. The filing notes these transactions complete the sale disclosed on a Form 144 filed the same day. Following the reported sales, Mr. Swallow's beneficial holdings are reported as 695,778 shares. The Form 4 is signed by Mr. Swallow and indicates the report was filed by a single reporting person.

Positive

• Timely disclosure of insider transactions with a signed Form 4 dated 09/23/2025
• Transaction details provided including exact share counts and prices, and linkage to a Form 144

Negative

• Insider sale of 87,470 shares by the CEO/director, reducing beneficial ownership to 695,778 shares
• Form 4 does not state whether the sales were part of a Rule 10b5-1 plan or the reason for the dispositions

Insights

Corporate Governance Expert

TL;DR: Routine insider sale by the CEO completing a previously disclosed Form 144; appears to be a disclosure-compliant transaction.

The filing documents that John Swallow, who serves as President & CEO and director, disposed of 87,470 common shares in two transactions on 09/23/2025 at prices of $30.81 and $29.91. The Form 4 expressly ties these dispositions to a Form 144 filed the same day, indicating the sales were pre-announced and reported in accordance with Section 16 requirements. From a governance perspective, timely and clear reporting reduces regulatory and disclosure risk, though the filing does not state the purpose of the sales or whether they followed a Rule 10b5-1 plan.

Securities Analyst

TL;DR: Insider reduced holdings by 87,470 shares; transaction sizes and post-sale holdings are clearly disclosed.

The Form 4 provides transaction-level detail: sales of 38,848 shares at $30.81 and 48,622 shares at $29.91 on 09/23/2025, resulting in reported beneficial ownership of 695,778 shares after the transactions. The filing notes completion of the sale disclosed on Form 144. The disclosure allows investors to quantify the change in insider holdings but contains no information on broader company performance or reason for the sales.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Swallow John

(Last) (First) (Middle)

201 N. THIRD ST.

(Street)

COEUR D'ALENE ID 83814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Idaho Strategic Resources, Inc. [ IDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/23/2025		S		38,848(1)	D	$30.81	744,400	D
Common Stock	09/23/2025		S		48,622(1)	D	$29.91	695,778	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These transactions complete the sale of 87,470 common shares disclosed on From 144 filed September 23, 2025 by Mr. Swallow

	/s/ John Swallow	09/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did John Swallow report on Form 4 for IDR?

The Form 4 reports two sales on 09/23/2025 totaling 87,470 shares at prices of $30.81 and $29.91.

How many IDR shares does John Swallow own after the reported transactions?

Following the reported sales, Mr. Swallow's beneficial ownership is reported as 695,778 shares.

Was the sale disclosed elsewhere before the Form 4?

Yes. The filing states these transactions complete the sale disclosed on a Form 144 filed September 23, 2025.

What roles does John Swallow hold at Idaho Strategic Resources, Inc.?

The Form 4 identifies Mr. Swallow as a Director and the company's President & CEO.

Are the reasons for the sales provided in the Form 4?

No. The Form 4 discloses quantities and prices but does not state the purpose of the dispositions or whether they were under a trading plan.